SBA Overview

As part of its mission to support small business owners, the United States Small Business Administration (an agency of the US government) partners with lending institutions like FNB Small Business Finance to offer business loans. These loans, which are backed by the SBA, can be used to fund a variety of business needs. Because of the backing from the SBA, lenders are often enabled to do loans that might not fit their conventional lending guidelines.

Through these loan products, we can help business owners achieve financing while keeping more capital on hand to fund future growth and success. If you or a business you know are in need of financing, let our experienced team help you decide which financing option works best for your business.

SBA 7(a) Loans

  • Loan for the purchase of owner-occupied real estate, leasehold improvements, equipment, working capital, business acquisition, partner buyouts, and business startup expenses
  • Loan amounts up to $5 Million
  • 10 – 25-year term, fully amortizing - no balloon payments

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SBA 504 Loans

  • Loans for the purchase of fixed assets, including owner-occupied commercial real estate and equipment
  • Loan amounts up to $10 Million or more
  • 25-year term, fully amortizing, no balloon payments
  • Loans for For-Profit Businesses and fall within a size limit of having a tangible net worth of less than $15 Million and have had an average profit of less than $5 Million in the last two years

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SBA Express Loans

  • Loans often used for working capital
  • Loan amounts up to $350,000
  • 3-year revolving Line of Credit, then 7-year term on remaining balance

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Pre-Application Checklist:

Documents to have available for a call with our team:

  • Outline of proposed transaction including costs
  • Three years tax returns on current and/or target business
  • Interim Financial Statements on current and/or target business
  • Personal Financial Statements on all current and/or potential owners over 20%
  • Three years personal tax returns on all current and/or potential owners over 20%
  • Weed Man

    See How We’ve Helped Other Businesses
    Weed Man - North Carolina

    “Located in Denver, North Carolina, Weed Man is a lawn care and weed control business. Their services include fertilization, weed control, disease/insect control, aeration/seeding, and soil enhancements for residential homeowners. Owner, Sam Morgan, partnered with FNB Small Business Finance to take care of this SBA 504 deal. Read about his experience!"

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